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Increased the minimum rent for high-rent or high-income deregulation of an apartment to $2,700, which will be adjusted each year by the one-year increase allowed by the Rent Guidelines Board. [30] The minimum rent for deregulation now is achieved following the prior lease and not as a result of a vacancy increase or improvements to unit or ...
A Bronx landlord at a Bronx apartment building is running afoul of the state’s emergency rental assistance program, say tenants who claim they’re being squeezed by the wealthy property owner.
The main Section 8 program involves the voucher program. A voucher may be either "project-based"—where its use is limited to a specific apartment complex (public housing agencies (PHAs) may reserve up to 20% of its vouchers as such [11])—or "tenant-based", where the tenant is free to choose a unit in the private sector, is not limited to specific complexes, and may reside anywhere in the ...
It was signed into law in 1955 as the Limited-Profit Housing Companies Law. [2] [3] It was later recodified as article II of the 1961 Private Housing Finance Law.[7] [8] Article II Limited-Profit Housing Companies refer to not-for-profit corporations, whereas article IV Limited Dividend Housing Companies refer to non-Mitchell–Lama affordable housing organized since 1927 as business ...
Updated July 14, 2016 at 8:56 PM Gosection8.com They were unwanted when the market sizzled because the rent on their units is capped and landlords equate higher-income folks with being able to pay ...
Between 2011 and 2021, the share of South Bronx households below the federal poverty line declined from about 39.7% to 36.3%, according to a New York State Comptroller report on the South Bronx ...